Transaction volume TOP 7 investment markets Q2/2024: Increasing transactions in the second half of the year expected
Transaction volume TOP 7 investment markets Q2/2024: Increasing transactions in the second half of the year expected
With a transaction volume (TAV) of around € 4.6 billion in the 1st half of 2024, the top 7 markets for commercial real estate investments were around 7% above the low previous year. This has been the second weakest half-year result since 2009. Private investors, family offices and corporates are still among the most active buyer groups, comments GPP spokesman Björn Holzwarth. The realized transactions are mostly in the small to medium -sized price segment. Large -volume degrees were rare in the second quarter.
A few, mainly small to medium -sized transactions were realized across the location. For Stuttgart and Berlin, GPP recorded a significant decline in the TAVs of 54% and 38%. In Munich (+138% to € 1.36 billion) and Frankfurt (+67% to € 534 million), however, the TAV climbed significantly. This is due to two major transactions at the beginning of Munich in Munich and some large -scale sales in Frankfurt. The Bavarian capital thus achieved the highest TAV in the top 7 comparison, followed by Berlin with € 1.18 billion.The Munich and Frankfurt major transactions also ensured that mixed-use objects were the most traded asset class. Their share of top 7-tav was around 34%, followed by office properties with around 21%.
The proportion of portfolio purchases dropped from around 31% in the same period to around 6% in the same period. In Düsseldorf, Frankfurt, Stuttgart and Munich, they failed to materialize.
In the 1st half of the year, the top returns at most locations have stabilized. The return distance between office objects and industrial and logistics properties is still low. They are at the same level in Hamburg, Cologne, Frankfurt and Stuttgart.
Holzwarth forecast: "We observe an increase in sales preparations at some locations, so that more transactions should be concluded in the further course of the year. Other possible signa sales could increase the transaction volume. We don't, however, in 2024. ”
to German Property Partners (GPP) includes Grossmann & Berger Immobilien, Anteon Immobilien, Greif & Contzen Immobilien, Blackolive and E&G Immobilien.
Table: Top 7 investment markets Q1-2/2024
location | Change TAV |
| ————- |: ———-: |
| Munich | +138% |
| Frankfurt | +67% |
| Stuttgart | -54% |
| Berlin | -38% |
Source: German Property Partners/OTS
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